ecb debt monetisation, page-4

  1. 1,000 Posts.
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    Yeah valid point Dave, a hard default of Italy & Spain might change Merkel's mind, but I suspect she would only use this as a last resort. I get the feeling she's hoping for a freaking miracle and the Union not only stays together but gets stronger.

    Regarding risk on, its a bit hard to say. I would think what happens in Europe is somewhat less important than what happens in the USA. Will the Fed do a QE3 at the same time as Europe is printing money to fix their problems?

 
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